Chapter 11
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Chapter 11. Know how to read a product map. Goods and services offered by businesses ______________. supply. How did Cyrus McCormick make life easier for farm workers ?. Cyrus McCormick invented the reaper. How does a business make a profit?.

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If there is a great demand for a product and a low supply of it the price will usually be
If there is a great demand for a product and a low supply of it, the price will usually be _____________________


Very high
Very high it, the price will usually be _____________________


The demand of a product will be small if
The demand of a product will be small if it, the price will usually be ________________________________________


People decide to save their money rather than spend it
People decide to save their money rather than spend it it, the price will usually be _____________________


N ew ideas and products
n it, the price will usually be _____________________ew ideas and products___________________


Innovations
innovations it, the price will usually be _____________________


How was henry ford able to sell more cars at a lower price
How was Henry Ford able to sell more cars at a lower price? it, the price will usually be _____________________



Which of the following resources were NOT used in Henry Ford’s factory?A. robotsB. raw materialsC. human resources D. capital resources


Robots
robots Ford’s factory?



Prevent images from fading away
prevent images from fading away found a way to ………


T o do just one kind of work or to sell just one kind of product
t found a way to ………o do just one kind of work or to sell just one kind of product _________________


Specialize
specialize found a way to ………






A factory setup in which each worker adds one part to a product as it passes on a moving belt
A factory setup in which each worker adds one part to a product as it passes on a moving belt _________________


A ssembly line
a product as it passes on a moving belt ssembly line


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